Brussels estimates losses of up to 2.4 trillion in the EU between 2031 and 2050 due to global warming

“According to a conservative estimate, worsening climate impacts could reduce EU GDP by around 7% by the end of the century,” according to the Vice-President for the European Green Deal

The European Commission (EC) estimates a reduction of up to €2.4 trillion in the European Union’s gross domestic product (GDP) between 2031 and 2050 if global warming more permanently exceeds the 1.5 degree threshold of the Paris Agreement.

“According to a conservative estimate, worsening climate impacts could reduce EU GDP by around 7% by the end of the century,” says the EU executive’s communication on climate risk management published on Tuesday and presented by the Vice-President for the European Green Deal, Maros Sefcovic, and the European Commissioner for Climate Action. Wopke Hoekstra.

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